My watch list
my.chemeurope.com  
Login  

ALTANA acquires formulated resins business from Solvay

Will be incorporated into the ELANTAS Electrical Insulation division

04-Jan-2017

The specialty chemicals group ALTANA has acquired the Formulated Resins business of Belgian chemical group Solvay. This business generated sales of approximately 20 million USD in 2015. With the acquisition, ALTANA takes over a research and production facility from Solvay with 53 employees in Olean, New York. Within the ALTANA Group, the business will be integrated into ELANTAS PDG, Inc. based in St. Louis, Missouri belonging to the ELANTAS Electrical Insulation division. “By acquiring the formulated resins business of Solvay we are strengthening our position as a technology leader and expanding our business in North America,” CEO of ALTANA AG, Martin Babilas, said.

The products are used in electronics, electrical and specialty adhesive applications. “Formulated resins from Solvay perfectly complement our existing product portfolio”, said Dr. Guido Forstbach, Division President of ELANTAS Electrical Insulation. “It strengthens our business in electronics and we will be able to offer our worldwide customers even more innovative solutions in the field of electrical insulation and beyond.”

Facts, background information, dossiers
  • Altana
  • Elantas
  • Solvay
More about Altana
  • News

    ALTANA Invests in an Industrial Digital Printing Company

    The specialty chemicals group ALTANA invests in the Israeli industrial digital printing company Velox Ltd., expanding its technology and investment portfolio in this area. The parties have agreed not to disclose the investment amount. Velox has developed a digital technology for direct-to-s ... more

    ALTANA Accelerates Growth

    The specialty chemicals group ALTANA significantly accelerated its growth in the 2017 fiscal year. Sales rose to €2,247 million, 8 percent higher than in the previous year. This was primarily due to a strong increase in sales volumes, but also to acquisitions in the U.S. and China. Adjusted ... more

    ALTANA Accelerates Growth Momentum

    The specialty chemicals Group ALTANA recorded a pleasing increase in both sales and earnings in the first half of the 2017 fiscal year. Compared to the previous year’s period, sales saw a significant rise of 9 percent to €1,160 million. Adjusted for acquisition and divestment as well as exc ... more

  • Companies

    ALTANA AG

    more

    ALTANA AG

    ALTANA develops and produces high-quality innovative products in the specialty chemicals business. The ALTANA Group, with headquarters in Wesel/Germany, is a genuine "global player” with 83% of its sales generated by international activities. The ALTANA Group has four divisions: BYK Additiv ... more

More about Solvay
  • News

    BASF moves forward in acquisition of Solvay's polyamide business

    In September 2017, BASF and Solvay agreed that BASF would acquire Solvay’s polyamide business subject to approval of the relevant merger control authorities. The approval process of the EU Commission is ongoing. To meet the concerns of the EU Commission, BASF has offered to refrain from acq ... more

    BASF to acquire Solvay’s global polyamide business

    BASF and Solvay have signed an agreement related to the sale of Solvay’s integrated polyamide business to BASF. The purchase price on a cash and debt-free basis would be €1.6 billion. According to applicable laws, the intended transaction is subject to consultations with the relevant social ... more

    Solvay projects 35 percent capacity increase of sulfone polymer production over the next five years

    Solvay announced that it expects to increase global production capacity for its high-performance sulfone polymers by more than 35 percent over the next five years through significant investments and process optimizations at facilities in the U.S. and Asia. The company has already added more ... more

  • Job Offers

    Production Engineer (m/f/d), Persalts Production

    Solvay is a multi-specialty chemical company committed to developing chemistry. Its business unit Peroxides is the global leader in hydrogen peroxide, both in market share and technology. At our the site in Bad Hönningen, the Global Business Unit Peroxides produces anorganic peroxydes, whic ... more

    HSEQ Manager (m/f) Garbsen Site

    The Solvay Flux GmbH in Garbsen offers powders, suspensions, pastes and aluminium wires and rings, individually optimized for customers’ manufacturing processes, allowing for quick and precise positioning of the connecting components at the required brazing joints. Our products are used in ... more

  • Companies

    Solvay (Schweiz) AG

    more

    Solvay SA

    SOLVAY is an international chemical and pharmaceutical Group with headquarters in Brussels. It employs some 29,000 people in 50 countries. In 2006, its consolidated sales amounted to EUR 9.4 billion, generated by its three sectors of activity: Chemicals, Plastics and Pharmaceuticals. So ... more

    SOLVAY GmbH

    Worldwide, the Solvay presence, notably in terms of sales and marketing, is ensured through regional organisations like national offices, affiliates, subsidiaries, … as well as local agents in the countries where Solvay doesn’t have its own organisation. Solvay chemicals in smaller volumes ... more

Your browser is not current. Microsoft Internet Explorer 6.0 does not support some functions on Chemie.DE